Nano good for Gujarat economy: Narendra Modi

Ahmedabad, Ocy 12: Narendra Modi, the Gujarat chief minister on Saturday Oct 11 said that the coming of Tata Nano project to sate is a boost to state economy. This will help in developing a stable economy despite the global recession. Modi said some people are trying to create obstacles in the project's path but they will not succeed.

Modi was speaking at the inauguration of a flyover at Chanakyapuri in Ghatlodiya of the city. People of Gujarat are happy that Nano project has come to the state, he said. Chief Minister is planning to launch a campaign, including road shows, in New Delhi and other states to woo more industrialists to Gujarat. As part of the exercise, the state industry department would organise a business road show here on Oct 17, providing a platform for Modi to interact with top industry leaders of the country.

Similar events would be organised in Mumbai and Kolkata later. These road shows are meant to prepare the ground for 'Vibrant Gujarat Global Investors' Summit 2009' to be held on January 12-13 in Ahmedabad. The summit is aimed at bringing together business leaders, investors, corporates, thought leaders and policy and opinion makers on a common platform to understand and explore business opportunities in the state of Gujarat.

The focus sectors for 2009 summit are engineering and auto, textiles, ports, chemicals, power, oil and gas, urban infrastructure, pharma and agri-related fields. Officials of the state government claim that the biennial investors' summit has been a successful attempt to attract investment in the state.

Meanwhile, opposition Congress came out in support of farmers demanding compensation for the land given to Tata for Nano Car Project by the BJP-led Gujarat Government.